Pull-forward effects of the reduction in the feed-in tariff in Germany, despite efforts to diversify overseas, contributed to S.A.G. Solarstrom’s revenue guidance for 2010 of reaching between €190 and €201 million. Group sales increase by 82.5 % to €139.5 million in the first nine months of the year.
Government officials and executives from CPS Energy, Duke Energy and juwi solar stood together as the Blue Wing Solar Project was dedicated in San Antonio, Texas. The 14MW solar installation, constructed on 113-acres using 214,500 solar PV modules, is claimed as being the largest solar project to date in Texas. The Blue Wing Solar Project began full operation almost two months ahead of schedule and will generate over 26,570MWh of electricity per year.
Spire released its third-quarter financial results for the period that ended September 30. The company reported US$20.6 million in revenues from continuing operations, showing a 24.6% increase from the same period during 2009, which resulted in US$16.6 million. Spire’s net loss for the third quarter came in at US$915,000, a marked improvement from 2009’s third-quarter net loss which totaled at US$3.5 million.
(Update) Having started production of its monolithically integrated flexible thin-film CIGS modules in May, Ascent Solar is attempting to gain further funding via a common stock offering to ramp its FAB2 production plant in Colorado to a capacity of 30MW. The company will offer 5.25 million shares at $4.15 per share to the public, from which the company hopes to raise $20.25 million.
aleo solar has raised it 2010 revenue forecast for the third time this year as strong pull-forward effects of the German feed-in tariff cuts and growth in other European markets are expected to see revenue reach €500 million, up from an initial forecast of €420 million, earlier this year. Revenue for the first nine months of 2010 was €412 million, an 86.6% increase over the same period in 2009.
Solar 3D is looking forward to Dr. Changwan Son bringing his expertise in the photonics and optoelectronic devices fields to his new position as the company’s director of technology. Utilizing his background, Son will spearhead the development of Solar3D’s technology and prototype.
Describing business conditions as an ‘ongoing order boom in the solar sector,’ centrotherm photovoltaics posted revenue of €458.4 million for the first nine months of this year, a 22.3% increase compared with the same period a year ago. The company reported a total inflow of €707.7 million of new orders, compared with the prior-year period of €472.1 million. However, revenue fell in its thin film module segment to only €11.9 million in the period.
Platina Partners has finalized its acquisition of 10MW of solar PV projects from the Degennaro Group. The 10 solar PV plants are located in the Puglia region of Italy, are each 1MW and mark the first operational plants in Italy for Platina. Their portfolio now includes 162MW of renewable energy projects in operation, 31MW of those being operational solar PV projects.
Ametek has successfully acquired Atlas Material Testing Technology from Industrial Growth Partners for US$159 million in cash. Atlas, a weather test instruments and consulting company, has an estimated US$85 million in sales for 2011 with its headquarters in Chicago and manufacturing facilities in Germany. Atlas will come under Ametek as part of its Measurement & Calibration Technologies division, a part of Ametek’s Electronic Instruments Group.
PV Evolution Labs (PVEL) has come one step closer towards completing a testing laboratory in San Francisco by closing funding for the solar panel reliability and performance lab. The company touts the laboratory as an independent, high-throughput testing facility using the company’s environmental, mechanical and electrical stress and characterization systems.
